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Discontinued Operations
 6 Months Ended
Mar. 31, 2014
Discontinued Operations [Abstract]  
Discontinued Operations

3.       DISCONTINUED OPERATIONS

During the second quarter of 2012, the Board of Directors authorized the sale of our Homecare business, which had previously been reported as part of the Merchant Gases operating segment.

In the third quarter of 2012, we sold the majority of our Homecare business to The Linde Group for total sale proceeds of €590 million ($777). This amount included contingent proceeds of €110 million ($144) related to the outcome of certain retender arrangements. As of 31 March 2014, this liability is reflected in payables and accrued liabilities on our consolidated balance sheet, with payment expected in the fourth quarter of fiscal 2014.

In the first quarter of 2014, we sold the remaining portion of the Homecare business, which was primarily in the United Kingdom and Ireland, for £6.1 million ($9.8) and recorded a gain on sale of $2.4. We entered into an operations guarantee related to the obligations under certain homecare contracts assigned in connection with the transaction.  Our maximum potential payment under the guarantee is £20 million (approximately $33 at 31 March 2014), and our exposure will be extinguished by 2020. The fair value of the guarantee is not material.

The results of discontinued operations are summarized below: 
    Three Months Ended  Six Months Ended  
    31 March  31 March  
   2014  2013  20142013  
 Sales$ - $ 13.5 $ 8.5 $ 27.3  
                
 Income before taxes$ - $ 1.4 $ .7 $ 2.8  
 Income tax provision  -   .3   -   .3  
 Income from operations of discontinued operations  -   1.1   .7   2.5  
 Gain on sale of business, net of tax  -   -   2.4   -  
 Income from Discontinued Operations, net of tax$ - $ 1.1 $ 3.1 $ 2.5  

The assets and liabilities classified as discontinued operations for the Homecare business at 30 September 2013 consisted of $2.5 in trade receivables, net, and $2.4 in payables and accrued liabilities. As of 31 March 2014, no assets or liabilities were classified as discontinued operations.